APPLE BANK SMARTSTART SAVINGS
Apple Bank's youth savings account dominates the field!
Earn a higher interest rate compared to traditional savings accounts, access convenient digital tools, and help kids save even more with no fees.
Earn
5.00% APY1
SmartStart Savings earns 13x the national average2 on balances from $1.01 to $10,000. Your child could earn more interest in one month than they might in an entire year in a standard savings account.
Pay no maintenance fees
Keep more money growing interest for their future with no monthly maintenance fees. Plus, kids 13+ get an Apple Bank Visa® Debit Card3 to get cash with $0 ATM transaction fees4 worldwide.
Simplify saving
with digital tools
Easily make transfers from your account to your child's account and stay on top of saving and spending activity with real-time notifications. No need to log in.
Your child can become an all-star saver.
Get them in the game with SmartStart Savings.
Your child can become an all-star saver.
Get them in the game with SmartStart Savings.
Help your child develop a saving habit at an early age.
- Teach them to set goals and save for the things they want—such as a new bike, video games, and concert tickets.
- Set aside money for college or other big goals earning a high yield in an FDIC insured account.
- Access digital tools to facilitate money conversations with your child and help them grow in their money knowledge.
Turn allowance and gifts into savings.
- Conveniently deposit their allowance through automated transfers.
- Deposit birthday and other checks with mobile deposit5.
- Encourage them to save a percentage of each deposit to see their savings grow over time.
Teach financial responsibility.
- Your child will gain hands-on experience banking at a branch or online with your guidance.
- Kids 13+ get their own Apple Bank Visa® Debit Card3, so you don’t have to hand over cash or your own card.
- Zero-liability for unauthorized transactions6. Easily turn the card off if lost or stolen7.
Everyone can pitch in to help your child save.
- No more forgotten toys, outgrown clothing, or unused gifts.
- Grandparents, family, and friends can contribute directly to your child’s future by sending money directly to their SmartStart Savings account with Zelle®8.
Move their savings to the net.
Make SmartStart your child’s
first savings account.
Joint Account
Open an account online for teens 13-17
or in a branch for kids 6-17.
Custodial Account
Open an account online or
in a branch for kids 0-21.
Download the App
Once you've opened your account, download the Mobile App9 from the App Store for Apple devices or the Google Play Store for Android devices.
The Apple Bank SmartStart Savings account is available to minors and young adults ages 6 through 25. Accountholders must be able to write their name and provide one form of identification, such as a birth certificate or school photo ID. The Apple Bank SmartStart Savings account is available to minors ages 6 through 17 with a parent or guardian as a joint owner. A parent or guardian may also open the Apple Bank SmartStart Savings account as a Uniform Transfers to Minors Act (UTMA) account for minors and young adults up to 21 years of age. There is a $1.00 minimum deposit to open an account. There is no minimum daily balance requirement to maintain the account and no monthly maintenance fee regardless of account balance.
1Annual Percentage Yields (APYs) disclosed are effective as of July 1, 2026 and may be changed by the Bank at any time, including after account opening. This is a tiered rate account. Minimum daily balance to earn interest is $1.01. Tier 1 – An interest rate of 4.88% will be paid on the entire portion of your daily balance up to, but not exceeding, $10,000.00. The APY for this tier is 5.00%. Tier 2 – An interest rate of 0.75% will be paid only for that portion of your daily balance that is above $10,000.00. The APY for this tier will range from 5.00% to 2.87%, depending on the balance in the account. APY range computation is based on an assumed account balance of $20,000.00. If your balance exceeds $10,000.00, a blended rate will be used to reflect the APY on your account statement and will be based on the number of days in your statement cycle. The blended APY decreases as your account balance increases above $10,000.00.
2National Average is based on the APY average for savings and interest-bearing checking accounts with a minimum balance of at least $2,500.00 as reflected in the FDIC’s published National Rates and Rate Caps for savings deposit products, accurate as of June 15, 2026. See the FDIC website for more information.
3Account holders ages 13 through 17 are eligible to request an Apple Bank Visa® Debit Card for this account where the account is joint with a parent or guardian. Accountholders 18 years and older may request a debit card without a parent or guardian.
4There are no fees when using non-Apple Bank ATMs, and Apple Bank will reimburse all surcharges imposed by the ATM owner/operator during each monthly statement cycle period. There are no fees for domestic and international Point-of-Sale Transactions when using an Apple Bank Visa® Debit Card.
5 Mobile check deposits are subject to verification and to Apple Bank’s rules governing funds availability. For Apple Bank’s funds availability schedule, see the About Your Apple Bank Accounts Rules and Regulations, “Funds Availability”.
6U.S. issued cards only. Visa’s Zero Liability policy does not apply to ATM transactions or PIN transactions not processed by Visa. See your Cardholder Agreement for details.
7 When you place a lock on your debit card, it will prevent most types of card transactions from being processed until you take action to unlock your card. However, locking your card will not stop card transactions presented as recurring transactions, transactions that occurred prior to locking the card, or the posting of refunds, reversals, or credit adjustments to your account. Locking your card is not a replacement for reporting your card lost or stolen. This feature is available on the Apple Bank Debit Card app for Apple and Android devices. Data connection required. Wireless carrier fees may apply.
8U.S. checking or savings account required to use Zelle®. Transactions between enrolled consumers typically occur in minutes.
9Data fees from your mobile carrier may apply.
Apple, Apple Pay® and App Store are registered trademarks of Apple Inc.
Android, Google Play and Google Pay™ are trademarks of Google LLC.
Zelle® and the Zelle® related marks are wholly owned by Early Warning Services, LLC and are used herein under license.
Visa is a registered trademark of Visa International Service Association and is used by the issuer pursuant to license from Visa U.S.A Inc.
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